ON24, Inc. (NYSE:ONTF – Get Free Report) insider Sharat Sharan sold 21,465 shares of ON24 stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $6.73, for a total transaction of $144,459.45. Following the transaction, the insider now directly owns 3,102,983 shares in the company, valued at approximately $20,883,075.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
ON24 Price Performance
Shares of NYSE:ONTF opened at $6.83 on Thursday. The company’s 50-day moving average is $6.90 and its 200 day moving average is $7.13. ON24, Inc. has a fifty-two week low of $5.73 and a fifty-two week high of $9.55.
ON24 (NYSE:ONTF – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.25). ON24 had a negative return on equity of 18.49% and a negative net margin of 31.63%. The company had revenue of $39.34 million during the quarter, compared to the consensus estimate of $37.29 million. During the same period in the prior year, the firm posted ($0.23) EPS. On average, analysts predict that ON24, Inc. will post -0.6 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ON24
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group decreased their price target on ON24 from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Friday, February 23rd.
Check Out Our Latest Research Report on ONTF
About ON24
ON24, Inc provides a cloud-based intelligent engagement platform that enables businesses to convert customer engagement into revenue through interactive webinar, virtual event, and multimedia content experiences worldwide. The company provides ON24 Elite, for live and interactive webinar experience; ON24 Breakouts, for live breakout room experience that facilitates networking, collaboration, and interactivity between users; ON24 Forums, for live and interactive experience, which facilitates video-to-video interaction between presenters and audiences; ON24 Go Live, for live and interactive video event experience that enables presenters and attendees to engage face-to-face in real-time; and ON24 Virtual Confrence, for live and large scale managed virtual event experience.
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